Massachusetts Senator Elizabeth Warren, ranked by a member of the Senate Banking Committee, is asking for White House AI and Crypto Czar David Sacks to back up his claims that he is no longer holding any digital ownership.
In a letter of March 6 in the sacks, Sen. Warren suggested US president Donald Trump and “other private individuals” will directly benefit from the Executive Branch’s digital asset policies. He expressed concerns about the potential conflicts of the interests of the sacks, who asked him to produce any financial finances in the Office of Government Ethics Public and provide information about his status as a “special government employee.”
March 6 letter to David Sacks. Source: Elizabeth Warren
Sen. Warren Sacks’ involvement in the administration since Trump announced his appointment as a Czar Czar Czar. The US president Signed an Executive Order In January to come up with a working group exploring the digital asset regulation – led by sacks – including a US crypto stockpile.
Trump told the Executive Order that the sacks would “earn a lot of money,” suggesting that he would personally benefit from the government policies he managed. On March 2, the US president announced that he ordered the working group to include XRP (XRP), Solana (Sol) and cardano (Ada) in the crypto reserve, in addition to Bitcoin (Btc) and ether (Eth), which sacks are held but claimed to be sold before January 20.
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“President Trump’s announcement on March 2, and your subsequent announcement on March 6, created confusion about the administration’s crypto plans, and raised serious questions about your crypto investment history – including investments in all five tokens that the President first suggested for integration in an ‘strategic reserve,'” said Senator of Massachusetts, supplement:
“Despite your public statements by X, it remains unclear exactly if you are personally -disted from BTC, ETH, and Sol, when the vessels in the craft are different from Bitwise, and if people close to you ‘can hold positions and sell at the recent price climbing.’
Many lawmakers and leaders of the industry also criticized Trump in his potential conflict of interest in launching a memecoin. Sen pointed out. Warren was the statement in February. 27 from the US Securities and Exchange Commission who no longer says considered memecoins as securityindicating the agency – under a acting chair chosen by the US president – take action to directly benefit Trump.
Sen asked. Warren the sacks to give answers to his questions no later than March 14, which also suggests that he considers Speaking of issues At the White House Crypto Summit. The leaders of the crypto industry and CEOs – some of the companies recently have an investigation or cases of implementation lowered by the SEC – will attend the event on March 7.
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